Dear Whales, You're Playing With Fire
The price had been trading between 9000 and 9200 for a couple of days and then suddenly this happens...
I can understand manipulating the price lower before the expected halving bull run. Buy as low as you can before the price takes off. However, circumstances right now are precarious. The stock market is plummeting and the world is bracing for a recession. Crashing bitcoin right now is playing with fire. People are in panic mode. Crypto is considered a speculative investment, which is something that people are going to stay away from right now. Crashing bitcoin will just confirm peoples fear of taking a chance on crypto. It could scare enough people away that this bull run will have weak returns, or not even happen at all.
However, if crypto were to trend upward right now as the the stock market is tanking, it could draw people to crypto. That could cause a snowball effect that will push this bull run higher than anybody imagined. It may even help the flagging economy if people have a means to protect their wealth while the market tanks. A bull run right now could also cement crypto as a legit investment. Another dump right now is dangerous to the future of crypto. Take the economic situation seriously and what it could do to the future of crypto.
I can understand manipulating the price lower before the expected halving bull run. Buy as low as you can before the price takes off. However, circumstances right now are precarious. The stock market is plummeting and the world is bracing for a recession. Crashing bitcoin right now is playing with fire. People are in panic mode. Crypto is considered a speculative investment, which is something that people are going to stay away from right now. Crashing bitcoin will just confirm peoples fear of taking a chance on crypto. It could scare enough people away that this bull run will have weak returns, or not even happen at all.
However, if crypto were to trend upward right now as the the stock market is tanking, it could draw people to crypto. That could cause a snowball effect that will push this bull run higher than anybody imagined. It may even help the flagging economy if people have a means to protect their wealth while the market tanks. A bull run right now could also cement crypto as a legit investment. Another dump right now is dangerous to the future of crypto. Take the economic situation seriously and what it could do to the future of crypto.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.